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Millman Team Real Estate

$4,000,000
0.28 Acre Lot

1014 W Magnolia Boulevard, Burbank, California 91506

  • Commercial Sale Property Type
  • 1946 Year Built
Property Description

Very unique opportunity to purchase 3 contiguous parcels being sold together. Zoned BUC3, the property consists of two structures and one parking lot. The property is on the corner of Magnolia Blvd and Lomita St, between Victory and Buena Vista Street. The larger structure is appx 7, 000 SF and is currently used as creative office/warehouse/flex. The corner building is just over 1, 500 SF and is used as creative office and warehouse. An owner-user could easily occupy the larger structure and lease out the smaller building, while still qualifying for an owner-user SBA Loan with as little as 10% down payment. There is also flexibility in terms of how the structures are configured, with room to customize the set up to suit many needs. A must see, especially when it’s cheaper to own than rent! **Property features 2 ground level roll up doors, conference room, multiple offices and open work space, 2nd floor offices, 3 kitchenettes, and ADA restrooms (Buyer to verify). 1 and 3 phase power is available in the larger building, which features 10′ ceilings, ample storage and warehouse space, and more. Central heat and AC in both buildings. There are 13 parking spaces and the property was completely remodeled in 2011.

Basic Details
Commercial Sale
For Sale
24464895
$4,000,000
1946
0.28 Acre
Active Under Contract
: Flat
Features
: Central
: None
: Electricity Available
$0
Address Map
CA
Los Angeles
Burbank
91506
Magnolia
1014
Boulevard
W119° 40' 47.2''
N34° 10' 35.4''
Head West down Magnolia Blvd and turn left on Lomita St.
610 - Burbank
W
BUC3*
Additional Information
$0
$0
$0
$0
$0
8274
Other
: Gated
: Stucco
Heavy, Standard
: Rectangular Lot, Corner Lot, Street Level
2024-11-18
Industrial
2
: Public
Broker/Agent Information
Compass
Dana Coronado
Listing Information
CLW-X89926
CLW-X8146116
Active Under Contract
2026-02-13T13:42:30Z
CRMLS
: Standard
2025-01-10T00:00:00Z
Agent info
Ray Millman
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